The Zakaria Family Foundation is a private foundation established in 2007 in New Jersey and designated as a 501(c)(3) organization. Based in Morristown, NJ, the foundation operates as a grantmaking organization supporting diverse communities across the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.3M
-3.1% YoY
Annual Giving
$666K
-0.2% YoY
Grant Count
34
+3.0% YoY
Avg Grant Size
$20K
-3.2% YoY
Under IRS private-foundation payout rules, Zakaria Family Foundation reported a distributable amount of $804K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports a broad range of philanthropic efforts without specifying particular subject areas. According to available information, the foundation primarily funds:
- Educational support
- Arts and culture
- Environmental protection (public land, clean air, and clean water)
The foundation does not restrict its funding to specific subject areas, indicating a potentially broad philanthropic focus across multiple sectors.
Grantmaking
The foundation typically makes contributions to preselected charitable organizations only.
Grant Range
$10,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation supports organizations across multiple states, with primary concentration in:
- New Jersey
- New York
- Massachusetts
- Maryland
Additional states receiving funding include California, Texas, Florida, Illinois, North Carolina, Pennsylvania, Rhode Island, Tennessee, Virginia, and others. The foundation supports both major urban centers and smaller communities across the United States.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2023:
- Total Assets: $7,558,100
- Total Revenue: $808,988
- Total Expenses: $788,616
- Total Liabilities: $0
- Number of Employees: 0
Historical Asset Growth:
- 2011: $4,800,000
- 2024: $7,300,000
Annual Distribution: The foundation has distributed between $667,000 and $727,000 annually from 2022 to 2023.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,322,112 | $7,558,100 | $7,540,427 |
| Revenue | $568,121 | $808,988 | $774,365 |
| Expenses | $806,431 | $788,616 | $854,661 |
| Qualifying Distributions | $667,199 | $673,805 | $740,761 |
| Net Investment Income | $564,552 | $800,944 | $662,609 |
| Distributable Amount | $804,495 | $675,348 | $683,130 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
201 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Rutgers University Foundation ($120,000), Morristown Medical Fdn ($50,000), Carolyn Dorfman Dance Company ($35,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Carolyn Dorfman Dance Company Union, NJ | Educational Support | $35,000 |
| HEAF New York, NY | Educational Support | $30,000 |
| The Seeing Eye Morristown, NJ | Support training of seeing eye dogs | $15,000 |
| The Pingry School Basking Ridge, NJ | Education | $15,000 |
| Pratham USA New York, NY | Education of children in India | $15,000 |
| Friends of Seva Mandir Edison, NJ | Health and education | $25,000 |
| Rutgers University Foundation New Brunswick, NJ | Educational Support | $120,000 |
| National Sawdust Brooklyn, NY | Arts and Culture | $5,000 |
| Great Swamp Watershed Assoc Morristown, NJ | Protect public land, clean air, and clean water | $30,000 |
| Amer Assoc for the Advancement of S Washington, DC | Education | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Arshad Zakaria — Chairman
- Ann Stock Zakaria — Trustee
- Fareed Zakaria — Trustee
- James Higgins — Secretary
All officers and trustees serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Arshad Zakaria | Chairman | 0.5 | — |
| Ann Stock Zakaria | Trustee | 0.5 | — |
| Fareed Zakaria | Trustee | 0.5 | — |
| James Higgins | Secretary | 0.5 | — |
Contact Information
Address: 62 Elm Street, Morristown, NJ 07960-4399
Phone: 973-599-0900
EIN: 26-1607321
Tax-Exempt Status: IRS ruling year 2008
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Zakaria Family Foundation fund?
The foundation supports a broad range of philanthropic efforts without specifying particular subject areas. According to available information, the foundation primarily funds: • Educational support • Arts and culture • Environmental protection (public land, clean air, and clean water) The foundation does not restrict its funding to specific subject areas, indicating a potentially broad philanthropic focus across multiple sectors.
How do I apply for a grant from Zakaria Family Foundation?
**Grant Activity:** • Made 44 grants in 2023 • Total grants distributed: approximately $589,500 in 2023 • Median grant size: $10,000 • Individual grants have ranged from $350 to $147,500 • Average award: $17,000 **Recent Grantees (2023):** • Rutgers University Foundation: $147,500 (educational support) • Independent Women's Forum: $30,000 • Martha's Vineyard Museum: $25,000 **Application Process:** The foundation typically makes contributions to preselected charitable organizations only.
Where does Zakaria Family Foundation make grants?
The foundation supports organizations across multiple states, with primary concentration in: • New Jersey • New York • Massachusetts • Maryland Additional states receiving funding include California, Texas, Florida, Illinois, North Carolina, Pennsylvania, Rhode Island, Tennessee, Virginia, and others. The foundation supports both major urban centers and smaller communities across the United States.
What size grants does Zakaria Family Foundation award?
In 2024, Zakaria Family Foundation awarded 34 grants totaling $666K — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is Zakaria Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Zakaria Family Foundation reported a distributable amount of $804K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Zakaria Family Foundation's EIN?
Zakaria Family Foundation's EIN (Employer Identification Number) is 26-1607321. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Zakaria Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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